A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for the depreciation of certain leasehold improvements.
Amends the Internal Revenue Code to make permanent the 15-year recovery period for the depreciation of qualified leasehold improvement property (property held and improved by a lessor).
Actions
Mar 15, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2736)
Mar 15, 2005
Sponsor introductory remarks on measure. (CR S2735-2736)